Japan quake, tsunami won't trigger sell-off here

Markets on Friday erased earlier gains as a massive earthquake and tsunami hit Japan. But overall stock markets seem to have weathered it okay, says CNBC-TV18's managing editor Udayan Mukherjee. "There is a bit of red across the global screen and of course a lot in Japan but otherwise the stock market seems to be taking the tragedy in its stride. There has not been a massive sell-off or anything like that and crude has cool down a bit."

It's uncertain, he says. "Sentiment cannot be great but we are probably not staring at a major sell-off or anything like that as we wade into another critical week of trade which has a monetary policy pitted in the middle as well."